Agile Announces Record Quarterly Results, Revenues Up 168%
PR Newswire - August 17, 2000 16:45
Net Loss of 3 Cents, Beats First Call Consensus Estimates
SAN JOSE, Calif., Aug. 17 /PRNewswire/ -- Agile Software Corporation (Nasdaq: AGIL), a leading provider of collaborative manufacturing commerce solutions for the e-supply chain, announced today financial results for the fiscal year 2001 first quarter ended July 31, 2000. Total revenues for the first quarter of fiscal 2001 increased to $15.8 million compared to total revenues of $5.9 million for the same period in fiscal 2000, representing an increase of 168%. License revenues for the first quarter of fiscal 2001 increased to $11.5 million from revenues of $3.7 million for the same period in fiscal 2000, representing an increase of 213%.
Pro forma net loss, which excludes charges associated with the amortization of deferred stock compensation and the amortization of goodwill and purchased intangible assets, was $1.5 million or $0.03 per share, beating the First Call consensus estimate of a loss of $0.04 per share. This is compared to a pro forma net loss of $2.6 million or $0.09 per share for the same period in fiscal 2000.
Net loss, including all charges related to acquisition and stock compensation, for the quarter ended July 31, 2000, was $14.9 million or $0.33 per share in the first quarter of fiscal 2001, compared to an actual net loss of $4.1 million or $0.61 per share for the same period in fiscal 2000.
The net loss per share and number of shares used in the per-share calculation for all periods presented reflect the two-for-one stock split effective March 17, 2000.
"In the last quarter, Agile accelerated its growth, adding more than 60 new customers, and achieving record revenues," commented Bryan D. Stolle, chairman and chief executive officer of Agile. "We attribute the rapid growth in both new license revenue and add-on revenue to our emphasis on customer service, and to the power of the network effect, with many large electronics manufacturers, such as Dell Computer, strongly encouraging all of their supply chain partners to use Agile's collaborative manufacturing commerce solutions."
On another note, Agile was recently awarded a number of large new and add-on contracts from companies like C-MAC Industries, Chatham Technologies, Compaq Computer, SCI Systems, Flextronics International, Symbol Technologies, and Zhone Technologies. Agile has also been successful in growing the business within the semiconductor market, as leading companies such as Amkor Technology, Universal Scientific Industrial (USI), and Viasystems Group have adopted Agile's collaborative manufacturing solutions.
"For the fourth consecutive quarter, we saw more than 100 of our existing customers add more licenses to their current systems. Also, in the last quarter we achieved record new license sales as we continued to grow and diversify our customer base," concluded Stolle.
First Quarter Highlights
Agile made significant gains during the quarter both in terms of signing new customers and expanding existing accounts. Agile's customer base grew by 64 new customers in the electronics, medical device, semiconductor, automotive, and industrial equipment industries. New customers included Arrow International (Nasdaq: ARRO), a pioneer in central vascular access catheterization products for the diagnosis and treatment of critically ill patients; Compaq Computer (NYSE: CPQ), the world's largest supplier of computing systems; McDATA (Nasdaq: MCDT), a leading manufacturer of highly available storage area networks (SAN); SCI Systems Inc. (NYSE: SCI), one of the world's largest electronics manufacturing services (EMS) providers; Symbol Technologies, Inc. (NYSE: SBL), a worldwide leader in wireless and Internet-based mobile data transaction systems and services; Universal Scientific Industrial (USI) Limited, a global leader in thick film hybrid technology, electronic packaging, and surface mount technology (SMT); UTStarcom Inc. (Nasdaq: UTSI), a global manufacturer of communications equipment for service providers in the wireless and wireline industry; Viasystems Group, Inc. (NYSE: VG), a leading global provider of electronics manufacturing services and printed circuit boards.
Among Agile's existing client base, more than 100 companies added to their existing systems during the first quarter ending July 31, 2000. Of note, customers including Antec, Brocade, Compaq, Dell Computer, Digital Microwave, Efficient Networks, Flextronics, Johnson & Johnson, Medtronic Vascular, NEC, and Network Appliance all added substantially to their existing systems.
Other significant achievements and events at Agile during the quarter include:
-- Agile announced major new contracts with Amkor Technology, C-MAC Industries, Chatham Technologies, Compaq Computer, Flextronics International, SCI Systems, and Symbol Technologies.
-- Agile won major manufacturing solution awards, including a "2000 Crossroads A-List Award," and its third consecutive spot atop the list of start Magazine's "Hottest Companies Award" winners.
-- Agile added personnel and facilities, expanding to 356 employees, with significant growth in the Asia Pacific region. |
